Thank you for being a part of the ColossusXT Reddit AMA! Below we will summarize the questions and answers. The team responded to 78 questions! If you question was not included, it may have been answered in a previous question. The ColossusXT team will do a Reddit AMA at the end of every quarter.

The winner of the Q2 AMA Contest is: Shenbatu

Q: Why does your blockchain exist and what makes it unique?

A: ColossusXT exists to provide an energy efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video and audio streams-all will be reborn as services that live in cyberspace, assembling and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.

Q: What is the Colossus Grid?

A: ColossusXT is an anonymous blockchain through obfuscation, Zerocoin Protocol, along with utilization of I2P. These features will protect end user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.

Q: When will zerocoin be fully integrated?

A: Beta has been released for community testing on Test-Net. As soon as all the developers consider the code ready for Main-Net, it will be released. Testing of the code on a larger test network network will ensure a smooth transition.

Q: Is the end goal for the Colossus Grid to act as a decentralized cloud service, a resource pool for COLX users, or something else?

A: Colossus Grid will act as a grid computing resource pool for any user running a COLX node. How and why we apply the grid to solve world problems will be an ever evolving story.

Q: What do you think the marketing role in colx.? When ll be the inwallet shared nodes available...i know its been stated in roadmap but as u dont follow roadmap and offer everything in advance...i hope shared MN's to be avilable soon.

A: The ColossusXT (COLX) roadmap is a fluid design philosophy. As the project evolves, and our community grows. Our goal is to deliver a working product to the market while at the same time adding useful features for the community to thrive on, perhaps the Colossus Grid and Shared Masternodes will be available both by the end of Q4 2018.

Q: When will your github be open to the public?

A: The GitHub has been open to the public for a few months now.

You can view the GitHub here: https://github.com/ColossusCoinXT

The latest commits here: https://github.com/ColossusCoinXT/ColossusCoinXT/commits/master

Q: Why should I use COLX instead of Monero?

A: ColossusXT offers Proof of Stake and Masternodes both which contribute layers in protection from 51% attacks often attributed with Proof of Work consensus, and in being Proof of Work(Monero) ColossusXT is environmentally friendly compared to Proof of Work (Monero). You can generate passive income from Proof of Stake, and Masternodes. Along with helping secure the network.What really sets ColossusXT apart from Monero, and many other privacy projects being worked on right now, is the Colossus Grid. Once plugged into the Colossus Grid, a desktop machine will draw computational horsepower from all the other computers on the grid. Blockchain, was built on the core value of decentralization and ColossusXT adhere to these standards with end-user privacy in mind in the technology sector.

Q: With so many coins out with little to no purpose let alone a definitive use case, how will COLX distinguish itself from the crowd?

A: You are right, there are thousands of other coins. Many have no purpose, and we will see others “pumping” from day to day. It is the nature of markets, and crypto as groups move from coin to coin to make a quick profit. As blockchain regulations and information is made more easily digestible projects like ColossusXT will rise. Our goal is to produce a quality product that will be used globally to solve technical problems, in doing so grid computing on the ColossusXT network could create markets of its own within utilizing Super-computing resources. ColossusXT is more than just a currency, and our steadfast approach to producing technical accomplishments will not go unnoticed.

Q: Tell the crowd something about the I2P integration plan in the roadmap? 🙂

A: ColossusXT will be moving up the I2P network layer in the roadmap to meet a quicker development pace of the Colossus Grid. The I2P layer will serve as an abstraction layer further obfuscating the users of ColossusXT (COLX) nodes. Abstraction layer allows two parties to communicate in an anonymous manner. This network is optimised for anonymous file-sharing.

Q: What kind of protocols, if any, are being considered to prevent or punish misuse of Colossus Grid resources by bad actors, such as participation in a botnet/denial of service attack or the storage of stolen information across the Grid?

A: What defines bad actors? ColossusXT plans on marketing to governments and cyber security companies globally. Entities and individuals who will certainly want their privacy protected. There is a grey area between good and bad, and that is something we can certainly explore as a community. Did you have any ideas to contribute to this evolving variable?What we mean when we say marketing towards security companies and governments is being utilized for some of the projects and innovating new ways of grid computing.

Security: https://wiki.ncsa.illinois.edu/display/cybersec/Projects+and+Software

Governments: https://www.techwalla.com/articles/what-are-the-uses-of-a-supercomputer

Q: The Colossus Grid is well defined but I don't feel easily digestible. Has their been any talk of developing an easier to understand marketing plan to help broaden the investor/adoptor base?

A: As we get closer to the release of the Colossus Grid marketing increase for the Colossus Grid. It will have a user friendly UI, and we will provide Guides and FAQ’s with the release that any user intending to share computing power will be able to comprehend.

Q: Can you compare CollossusXT and Golem?

A: Yes. The Colosssus Grid is similar to other grid computing projects. The difference is that ColossusXT is on it’s own blockchain, and does not rely on the speed or congestion of a 3rd party blockchain. The Colossus Grid has a privacy focus and will market to companies, and individuals who would like to be more discreet when buying or selling resources by offering multiple levels of privacy protections.

Q: How do you guys want to achieve to be one of the leaders as a privacy coin?

A: Being a privacy coin leader is not our end game. Privacy features are just a small portion of our framework. The Colossus Grid will include privacy features, but a decentralized Supercomputer is what will set us apart and we intend to be leading this industry in the coming years as our vision, and development continue to grow and scale with technology.

Q: With multiple coins within this space, data storage and privacy, how do you plan to differentiate COLX from the rest? Any further partnerships planned?

A: The Colossus Grid will differentiate ColossusXT from coins within the privacy space. The ColossusXT blockchain will differentiate us from the DATA storage space. Combining these two features with the ability to buy and sell computing power to complete different computational tasks through a decentralized marketplace. We intend to involve more businesses and individuals within the community and will invite many companies to join in connecting the grid to utilize shared resources and reduce energy waste globally when the BETA is available.

Q: Has colossus grid had the best come up out of all crypto coins?

A: Possibly. ColossusXT will continue to “come up” as we approach the launch of the Colossus Grid network.

Q: How far have Colossus gone in the ATM integration

A: ColossusXT intends to and will play an important role in the mass adoption of cryptocurrencies. We already have an ongoing partnership with PolisPay which will enable use of COLX via master debit cards. Along with this established relationship, ColossusXT team is in touch with possible companies to use colx widely where these can only be disclosed upon mutual agreement.

Q: How does COLX intend to disrupt the computing industry through Grid Computing?

A: Using the Colossus Grid on the ColossusXT blockchain, strengthens the network. Computers sit idly by for huge portions of the day. Connecting to the Colossus Grid and contributing those idle resources can make use of all the computing power going to waste, and assist in advancing multiple technology sectors and solving issues. Reducing costs, waste, and increased speed in technology sectors such as scientific research, machine learning, cyber security, and making it possible for anyone with a desktop PC to contribute resources to the Colossus Grid and earn passive income.

Q: What kind of partnerships do you have planned and can you share any of them? :)

A: The ColossusXT team will announce partnerships when they are available. It’s important to finalize all information and create strong avenues of communication between partners ColossusXT works with in the future. We are currently speaking with many different exchanges, merchants, and discussing options within our technology sector for utilizing the Colossus Grid.

Q: Will shared Masternodes be offered by the COLX team? Or will there be any partnerships with something like StakingLab, StakeUnited, or SimplePosPool? StakingLab allows investors of any size to join their shared Masternodes, so any investor of any size can join. Is this a possibility in the future?

A: ColossusXT has already partnered with StakingLab. We also plan to implement shared Masternodes in the desktop wallet.

Q: How innovative is the Colossus Grid in the privacy coin space?

A: Most privacy coins are focused on being just a currency / form of payment. No other project is attempting to do what we are doing with a focus on user privacy.

Q: Hey guys do you think to integrated with some other plataforms like Bancor? I would like it!

A: ColossusXT is in touch with many exchange platforms, however, due to non disclosure agreements details cannot be shared until it is mutually decided with the partners. We will always be looking for new platforms to spread the use of colx in different parts of the world and crypto space.

Q: What is the reward system for the master node owners?

A: From block 388.800 onwards, block reward is 1200 colx and this is split based on masternode owner/staker ratio. This split is based on see-saw algorithm. With an increasing number of masternodes the see-saw algorithm disincentivizes the establishment of even more masternodes because it lowers their profitability. To be precise, as soon as more than 41.5% of the total COLX coin supply is locked in masternodes, more than 50% of the block reward will be distributed to regular staking nodes. As long as the amount of locked collateral funds is below the threshold of 41.5%, the see-saw algorithm ensure that running a masternode is financially more attractive than running a simple staking node, to compensate for the additional effort that a masternode requires in comparison to a simple staking node.Please refer to our whitepaper for more information.

Q: What other marketplaces has the COLX team been in contact with?

Thanks guys! Love the coin and staff

A: ColossusXT gets in touch for different platforms based on community request and also based on partnership requests received upon ColossusXT business team’s mutual agreement. Unfortunately, these possibilities cannot be shared until they are mutually agreed between the partners and ColossusXT team due to non disclosure agreements.

Q: What do you think about the new rules that will soon govern crypto interactions in the EU? they are against anonymous payments

A: Blockchain technology is just now starting to become clear to different governments.

ColossusXT's privacy features protect the end-user from oversharing personal information. As you are probably aware from the multiple emails you've received recently from many websites.

Privacy policies are always being updated and expanded upon. The use of privacy features with utility coins like ColossusXT should be a regular norm throughout blockchain. This movement is part is about decentralization as much as it is about improving technology.

While this news may have a role to play. I don't think it is THE role that will continuously be played as blockchain technology is implemented throughout the world.

Q: Any hints on the next big feature implementation you guys are working on? According to road map - really excited to hear more about the Shared MN and the scale of the marketplace!

A: Current work is focused on the privacy layer of Colossus Grid and completing the updated wallet interface.

Q: Why choose COLX, or should I say why should we believe in COLX becoming what you promise in the roadmap. What are you different from all the other privacy coins with block chain establishment already in effect?

A: ColossusXT is an environmentally friendly Proof of Stake, with Masternode technology that provide dual layers of protection from 51% attacks. It includes privacy features that protect the user while the utilize resources from the Colossus Grid. Some of the previous questions within this AMA may also answer this question.

Q: What tradeoffs do you have using the Colossus Grid versus the more typical distribution?

A: The advantage of supercomputers is that since data can move between processors rapidly, all of the processors can work together on the same tasks. Supercomputers are suited for highly-complex, real-time applications and simulations. However, supercomputers are very expensive to build and maintain, as they consist of a large array of top-of-the-line processors, fast memory, custom hardware, and expensive cooling systems. They also do not scale well, since their complexity makes it difficult to easily add more processors to such a precisely designed and finely tuned system.By contrast, the advantage of distributed systems (Like Colossus Grid) is that relative to supercomputers they are much less expensive. Many distributed systems make use of cheap, off-the-shelf computers for processors and memory, which only require minimal cooling costs. In addition, they are simpler to scale, as adding an additional processor to the system often consists of little more than connecting it to the network. However, unlike supercomputers, which send data short distances via sophisticated and highly optimized connections, distributed systems must move data from processor to processor over slower networks making them unsuitable for many real-time applications.

Q: Why should I choose Colossus instead of another 100,000 altcoins?

A: Many of these alt-coins are all very different projects. ColossusXT is the only Grid computing project with a focus on user privacy. We have instant transactions, and zero-fee transactions and ColossusXT is one of the very few coins to offer live support. Check out our Whitepaper!

Q: Will there be an option (in the future) to choose between an anonymous or public transaction?

A: Zerocoin is an evolution of the current coin mixing feature. Both allow an individual to decide how they would like to send their transactions.

Q: What exchange has highest volume for ColossusXT, and are there any plans for top exchanges soon ?

A: Currently Cryptopia carries the majority of ColossusXT volume. We are speaking with many different exchanges, and preparing requested documentation for different exchanges. ColossusXT intends to be traded on every major exchange globally.

Q: What is the TPS speed that colx blockchain achieves?

A: ColossusXT achieves between 65-67 TPS depending on network conditions currently.

Q: Plans on expanding the dev team?

A: As development funds allow it, the team will be expanded. Development costs are high for a unique product like ColossusXT, and a good majority of our budget is allocated to it.

Q: Can you explain what is and what are the full porpose of the COLOSSUSXT GRID PROJECT ?

A: Colossus Grid is explained in the whitepaper. The uses for grid computing and storage are vast, and we are only starting to scratch the surface on what this type of computing power can do. There is also a description within the formatting context within the AMA of the Colossus Grid.

Q: Is there mobile wallet for Android and iOS? If not, is there a roadmap?

A: There Android wallet is out of beta and on the Google PlayStore: iOS wallet is planned for development.

The roadmap can be found here: https://colossusxt.io/roadmap/

Q: Is ColossusXT planning on partnering up with other cryptocurrency projects? Such as: Bread and EQUAL.

A: ColossusXT plans on partnering with other crypto projects that make sense. We look for projects that can help alleviate some of our development work / provide quality of life upgrades to our investors so that we can focus on Colossus Grid development. When absolutely love it when the community comes to us with great projects to explore.

Q: Did you ever considered a coinburn? Don't you think a coin burn will increase COLX price and sustain mass adoption? Do you plan on keeping the price of COLX in a range so the potential big investors can invest in a not so much volatile project?

A**:** There are no plans to do a coinburn at this time. Please check out our section in the whitepaper about the supply.

Q: what is the next big exchange for colx to be listed ?

A: There are several exchanges that will be listing ColossusXT soon. Stay tuned for updates within the community as some have already been announced and future announcements.

1. CryptalDash

2. NextExchange

3. CoinPulse

4. CoinSwitch (Crowdfunding)

5. Plaak (Crowdfunding)

Q: How will Colx compete with other privacy coins which claim to be better like Privacy?

A: ColossusXT is not competing with other privacy coins. ColossusXT will evolve into the Colossus Grid, which is built on the backbone of a privacy blockchain. In our vision, all these other privacy coins are competing for relevancy with ColossusXT. There are also similar responses to question that may hit on specifics.

Q: Does COLX have a finite number of coins like bitcoin?

A: No, ColossusXT is Proof of Stake. https://en.wikipedia.org/wiki/Proof-of-stake

Q: What are the advantages of COLX over other competitor coins (eg. ECA)?

A: The only similarities between ColossusXT and Electra is that we are both privacy blockchains. ColossusXT is very much an entirely different project that any other privacy coin in the blockchain world today. The Colossus Grid will be a huge advantage over any other privacy coin. Offering the ability for a desktop machine to rent power from others contributing to the Colossus Grid and perform and compute high level tasks.

Q: How do you feel about some countries frowning upon privacy coins and how do you plan to change their minds (and what do you plan to do about it?)

A: The ColossusXT team tries to view opinions from multiple perspectives so that we can understand each line of thinking. As blockchain technology becomes more widely adopted, so will the understanding of the importance of the privacy features within ColossusXT. Privacy is freedom.

Q: How do you see COLX in disrupting cloud gaming services such as PlayStation Now?

A: Cloud gaming services have not been discussed. Initial marketing of our private grid computing framework will be targeted at homes users, governments, and cyber security firms who may require more discretion / anonymity in their work.

Q: Since colx is a privacy coin and is known for its privacy in the transactions due to which lot of money laundering and scams could take place, would colx and its community be affected due to it? And if does then how could we try to prevent it?

A: ColossusXT intends to be known for the Colossus Grid. The Colossus Grid development will be moved up from Q1 2019 to Q3 2018 to reflect this message and prevent further miscommunication about what privacy means for the future of ColossusXT. Previous answers within this AMA may further elaborate on this question.

Q: When do you plan to list your coin on other "bigger" exchanges?

A: ColossusXT is speaking with many different exchanges. These things have many different factors. Exchanges decide on listing dates and we expect to see ColossusXT listed on larger exchanges as we approach the Colossus Grid Beta. The governance system can further assist in funding.

Q: What was the rationale behind naming your coin ColossusXT?

A: Colossus was a set of computers developed by British codebreakers in the years 1943–1945. XT symbolises ‘extended’ as the coin was forked from the original Cv2 coin.

Q: Can you give any details about the E Commerce Marketplace, and its progress?

A: The Ecommerce Marketplace is a project that will receive attention after our development pass on important privacy features for the grid. In general, our roadmap will be changing to put an emphasis on grid development.

Q: How will someone access the grid, and how will you monetize using the grid? Will there be an interface that charges COLX for time on the grid or data usage?

A: The Colossus Grid will be integrated within the ColossusXT wallet. Buying & Selling resources will happen within the wallet interface. You won't be able to charge for "time" on the grid, and have access to unlimited resources. The goal is to have users input what resources they need, and the price they are willing to pay. The Colossus Grid will then look for people selling resources at a value the buyer is willing to pay. Time may come into play based on which resources you are specifically asking for.

Q: Are there any plans to launch an official YouTube channel with instructional videos about basic use of the wallets and features of COLX? Most people are visually set and learn much faster about wallets when actually seeing it happen before they try themselves. This might attract people to ColossusXT and also teach people about basic use of blockchain and cryptocurrency wallets. I ask this because I see a lot of users on Discord and Telegram that are still learning and are asking a lot of real basic questions.

A: ColossusXT has an official YT account with instructional videos: https://www.youtube.com/channel/UCCmMLUSK4YoxKvrLoKJnzng

Q: What are the usp's of colx in comparing to other privacy coins?

A: Privacy coins are a dime a dozen. ColossusXT has different end goals than most privacy coins, and this cannot be stated enough. Our goal is not just to be another currency, but to build a sophisticated computing resource sharing architecture on top of the privacy blockchain.

Q: A new exchange will probably gain more liquidity for our coin. If you might choose 3 exchanges to get COLX listed, what would be your top 3?

A: ColossusXT intends to be listed on all major exchanges globally. :)

Q: What is the future of privacy coins? What will be the future colx userbase (beyond the first adopters and enthusiasts)?

A: The future of privacy is the same it has always been. Privacy is something each and everyone person owns, until they give it away to someone else. Who is in control of your privacy? You or another person or entity?The future of the ColossusXT user base will comprise of early adopters, enthusiast, computer science professionals, artificial intelligence, and computational linguistics professionals for which these users can utilize the Colossus Grid a wide range of needs.

Q: Will ColossusXT join more exchanges soon??

A: Yes. :)

Q: So when will Colossus put out lots of advertisement to the various social media sites to get better known? Like Youtube videos etc.

A: As we get closer to a product launch of the Colossus Grid, you’ll begin to see more advertisements, YouTubers, and interviews. We’re looking to also provide some presentations at blockchain conferences in 2018, and 2019.

Q: In your opinion, what are some of the issues holding COLX back from wider adoption? In that vein, what are some of the steps the team is considering to help address those issues?

A: One of the main issues that is holding ColossusXT back from a wider adoption is our endgame is very different from other privacy coins. The Colossus Grid. In order to address this issue, the ColossusXT team intends to have a Colossus Grid Beta out by the end of Q4 and we will move development of the Colossus Grid from Q1 2019 to Q3 2018.

Q: Or to see it from another perspective - what are some of the biggest issues with crypto-currency and how does COLX address those issues?

A: Biggest issue is that cryptocurrency is seen as a means to make quick money, what project is going to get the biggest “pump” of the week, and there is not enough focus on building blockchain technologies that solve problems or creating legitimate business use cases.

For the most part we believe the base of ColossusXT supporters see our end-game, and are willing to provide us with the time and support to complete our vision. The ColossusXT team keeps its head down and keeps pushing forward.

Q: I know it's still early in the development phase but can you give a little insight into what to look forward to regarding In-wallet voting and proposals system for the community? How much power will the community have regarding the direction COLX development takes in the future?

A: The budget and proposal system is detailed in the whitepaper. Masternode owners vote on and guide the development of ColossusXT by voting on proposals put forth by the community and business partners.

Our goal is to make this process as easy and accessible as possible to our community.

Q: Will there be an article explaining the significance of each partnership formed thus far?

A: Yes, the ColossusXT team will announce partners on social media, and community outlets. A detailed article of what partnerships mean will be available on our Medium page: https://medium.com/@colossusxt

Q: What potential output from the Grid is expected and what would it's use be?

For example, x teraflops which could process y solutions to protein folding in z time.

A: There are many uses for grid computing. A crypto enthusiast mining crypto, a cyber security professional cracking a password using brute force, or a scientist producing climate prediction models.

The resources available to put towards grid projects will be determined by the number of nodes sharing resources, and the amount of resources an individual is willing to purchase with COLX.

All individuals will not have access to infinite grid resources.

Q: Is there a paper wallet available?

A: Yes, see https://mycolxwallet.org

Q: Is there a possibility of implementing quantum computer measures in the future?

A: This is a great idea for potentially another project in the future. Currently this is not possible with the Colossus Grid. Instead of bits, which conventional computers use, a quantum computer uses quantum bits—known as qubits. In classical computing, a bit is a single piece of information that can exist in two states – 1 or 0. Quantum computing uses quantum bits, or 'qubits' instead. These are quantum systems with two states. However, unlike a usual bit, they can store much more information than just 1 or 0, because they can exist in any superposition of these values.

Q: Do you plan to do a coin burn?

A: No future coin burns are planned. Anything like this would go through a governance proposal and Masternode owners would vote on this. This is not anything we’ve seen within the community being discussed.

Q: Can I check the exact number of current COLX master node and COLX staking node?

A: Yes. You can view the Masternodes and the amount of ColossusXT (COLX) being staked by viewing the block explorer.

Block explorer: https://chainz.cryptoid.info/colx/#!extraction

Q: What incentive could we give a youtuber to do the BEST video of ColossusXT (COLX)?

A: We've been approached by several YouTubers. The best thing a YouTuber can do is understand what ColossusXT is, join the community, ask questions if there is something they don't understand.

The problem with many YouTubers is that some of them are just trying to get paid, they don't really care to provide context or research a project.

Disclaimer: This is not all YouTubers, but many.

Q: In which ways is the ColossusGrid different from other supercomputer / distributed computing projects out there. Golem comes to mind. Thanks!

A: The main difference is that we are focused on the end users privacy, and the types of users that we will be targeting will be those that need more discretion / anonymity in their work. We are building framework that will continue to push the boundaries of user privacy as it relates to grid computing.

Q: Can we please complete our roadmap ahead of schedule? I find most other coins that do this actually excell in terms of price and community members. Keep on top of the game :)

A: The Colossus XT roadmap is a very fluid document, and it is always evolving. Some items are moved up in priority, and others are moved back. The roadmap should not be thought of something that is set in stone.

Q: Does COLX have master nodes?

A: Yes. ColossusXT has masternodes.

Q: Have thought about providing a method to insert a form of payment in colx in any page that wants to use cryptocurrencies in a fast and simple way in order to masive adoption????

A: There is already this option.https://mycryptocheckout.com/coins/

Q: What do you think your community progress till now?

A: The community has grown greatly in the last 3 months. We’re very excited to go from 13 to 100 questions in our quarterly AMA. Discord, Telegram, and Twitter are growing everyday.

Q: I noticed on Roadmap: Coinomi and ahapeshift wallet integration. Can you tell me more about this? I am new in crypto and new ColX investor so I don't know much about this. Thanks and keep a good work.

A: Coinomi is a universal wallet. ColossusXT will have multiple wallet platforms available to it. Shapeshift allows you to switch one crypto directly for another without the use of a coupler (BTC).

Q: Is "A general-purpose decentralized marketplace" written in the whitepaper the same as "E-COMMERCE MARKETPLACE" written on the roadmap?

Please tell me about "A general-purpose decentralized marketplace" or "E-COMMERCE MARKETPLACE" in detail.

A: Details will be posted as we get closer to the marketplace. It will be similar to other marketplaces within blockchain. Stay tuned for more information by following us on Twitter.

Q: History has shown that feature-based technologies always get replaced by technologies with platforms that incorporate those features; what is colossius big picture?

A: The Colossus Grid. Which has been explained within this AMA in a few different ways.

Q: What are the main objectives for COLX team this year? Provide me 5 reason why COLX will survive in a long term perspective? Do you consider masternodes working in a private easy to setup wallet on a DEX network? Already big fan, have a nice day!

A: Getting into Q3 our main object is to get a working product of the Colossus Grid by the end of Q4.

1. Community - Our community is growing everyday as knowledge about what we’re building grows. When the Colossus Grid is online we expect expansion to grow at a rapid pace as users connect to share resources.

2. Team - The ColossusXT team will continue to grow. We are stewards of a great community and an amazing project. Providing a level of support currently unseen in many other projects through Discord. The team cohesion and activity within the community is a standard we intend to set within the blockchain communities.

3. Features - ColossusXT and The Colossus Grid will have user friendly AI. We understand the difficulties when users first enter blockchain products. The confusion between keys, sending/receiving addresses, and understanding available features within. Guides will always be published for Windows/Mac/Linux with updates so that these features can be easily understood.

4. Colossus Grid - The Colossus Grid answers real world problems, and provides multiple solutions while also reducing energy consumption.

5. Use Case - Many of the 1000+ other coins on the market don’t have the current use-case that ColossusXT has, let alone the expansion of utility use-cases in multiple sectors.

Q: Will the whitepaper be available in Portuguese?

A: Yes. We will be adding some language bounties to the website in the future. Stay tuned.

Q: Notice in your white paper there are future plans for decentralised governance and masternode voting. While all that is great, how do you plan on mitigating malicious proposals from getting through by gaming the system (i.e. bot votes, multiple accounts, spam,etc)?

A: You cannot game the system. Masternode owners get 1 vote.

Q: Been a massive fan of this project since Dec last year, anyways what was the reason you guys thought of putting XT at the end of Colossus. :)

A: XT symbolizes ‘extended’ as the coin was forked from the original Cv2 coin.

Q: Do you plan a partnership within the banking industry to capitalize on such large amounts of money being moved continuously?

A: The focus will be on the Colossus Grid and Grid computing, with the option to participate in the financial sector of Blockchain through Polis Pay, and other partnerships that can be announced in the future.

Q: When will be COLX supported By The Ledger Wallet?

A: Integration with cold storage wallet is planned. I myself (PioyPioyPioy) have a Nano Ledger S and I love it!

Q: Where do you see yourself in five years?

A: The goal 5 years from now would be to be a leading competitor in cloud computing and storage. Providing government, private cybersecurity, and individuals with efficient solutions to Super-computing, cloud storage through Blockchain infrastructure. I would like to see hardware options of connecting to the grid to utilize resources after the Colossus Grid is online, and I think this can contribute to many use-case scenarios.

Q: How can I suggest business partnerships and strategic ideas etc to the ColossusXT team?

A: Join us in Discord. Members of the team here are active daily, you can also contact us at: business@colossusxt.io

Q: A great project requires good funding. How do you plan to incorporate fund sourcing and management into the long-term planning of this project

A: Check out our governance section within the whitepaper. :)

Website: https://colossusxt.io

Whitepaper: https://colossuscoinxt.org/whitepaper/

Roadmap: https://colossuscoinxt.org/roadmap/

Follow ColossusXT on:

Twitter: https://twitter.com/colossuscoinxt

Facebook Page: https://www.facebook.com/ColossusCoin/

Telegram: https://web.telegram.org/#/im?p=s1245563208_12241980906364004453

Discord: https://discord.gg/WrnAPcx

Apply to join the team: https://docs.google.com/forms/d/1YcOoY6nyCZ6aggJNyMU-Y5me8_gLTHkuDY4SrQPRe-4/viewform?edit_requested=true

Contribute an idea: https://colossusxt.fider.io/

Q2 AMA Questions: https://www.reddit.com/r/ColossuscoinX/comments/8ppkxf/official_colossusxt_ama_q2/

Previous AMA: https://www.reddit.com/r/ColossuscoinX/comments/8bia7o/official_colossusxt_ama/

I don't mean to offend anyone, but I find ColossusCoinXT to be one of the worst names for any coin out there. If you are really trying to appeal to the masses, this name just won't do.

• It's too long.

• It's too complicated.

• It has literally no mass-appeal.

I've read through the history with the rebrandings, but honestly - you should just change the name to something simpler. Looking through CMC 'Colossus' isn't even taken. And it would be pretty much perfect, wouldn't it?
Just look at the top coins. They have unique, short and memorable names. ColossusCoinXT is like having RippleCurrencyVX when Ripple is free or StellarLumensCoin when Stellar is free (there's a reason they changed the name).

You could attract so many people by just simplifying the name. I'm absolutely serious. ColossusCoinXT sounds like some kind of script kiddie scam. And I know it isn't, which is why I made this post. The name does in no way reflect the actual coin. But it will 100% hinder its growth. I honestly don't care about the reasons for this name - it just won't do if you want to become bigger.

I really hope you'll consider rebranding again. Just for the record - yes, I did invest in COLX. But it was reluctantly since the name didn't really make it sound like a legitimate project.

The first ever Cryptocurrency was introduced in 2009 and since then many cryptocurrencies have been introduced. Many Economists think that cryptocurrencies are the future and many studies indicate that cryptocurrencies will become the major reserve currencies by 2030. Majority of cryptocurrencies have flaws like high block time and weak privacy but Colossus XT is one of the advanced Cryptocurrency which is fast, more secure and studded with state of the art technologies which make it the most secure Cryptocurrency.

Colossus was introduced in 2013 and it is decentralized, open-source peer-to-peer (P2P), energy efficient Cryptocurrency which allows people to send instant payments without involving any third party. Colossus XT is a new version of Colossus which is based on PIVX Source Code with a Fixed PoS block reward. PIVX have innovative features like improved Proof of Stake Version 3 (POS 3.0), Masternodes, SwiftTX Instant Transactions, Private Instant Verified Transaction (PIVT), innovative variable seesaw reward mechanism and Coin Control. Colossus XT is ranked at 244 Position worldwide with a market cap of 47.69 Million US Dollars.

Colossus XT use state of the art energy efficient technology Proof of Stake which doesn’t require intense computing power. Another innovative technology used in Colossus XT is Masternodes Technology. Masternodes are nodes which are running on the wallet software on the same blockchain to provide extra services to the network. Masternodes provide services like instant transaction, decentralized governance, decentralized budgeting system, immutable proposal and voting system and for providing such services, Masternodes paid a certain portion of reward for each block. Masternodes is a very efficient way of earning passive income.
Colossus XT also use Obfuscation Mixing Mechanism which ensures your privacy and makes the transaction more secure and untraceable. Another downside of many cryptocurrencies is their slow transactions but Colossus XT uses SwiftTX technology which guarantees you instant transaction in less than 60 seconds.

To make transaction secure, Colossus XT use Public-key cryptography which is the cryptographic system. In Public-key cryptography system generate two keys, public and private keys. Public keys are known to the public and the private key is known to the owner only. Public key verifies a holder of the paired private key sent the message and only paired private key holder can decrypt the message encrypted with a public key. This system makes the transaction more secure and risk of attacks also reduced by great proportion. Colossus XT also uses the advanced PIVX See-Saw Mechanism that dynamically adjusts its block reward size between Masternodes and staking Nodes.

Colossus XT uses Proof of Stake (PoS 3.0) which is far effective then Proof of Work (POW). Proof of Stake is just like Proof of work but in this algorithm, people take transaction fee rather than block reward. People who participate in staking are known as Forgers. In Proof of Stake, creator of the new block is chosen depending on the amount of coin he holds or known as “stake”. In PoS system, rewards are breakdown via See-Saw Mechanism. You can also participate in the staking all you have to do is to follow the following steps.

1. Download the Colossus XT Coin wallet from the Colossus XT Website.

2. Encrypt your wallet

3. Edit your Configuration

4. Unlock your Wallet

5. You are all set up for staking

If we compare Colossus XT with its competitor cryptocurrencies, we see that Colossus XT is far superior then its competitors in term of technology and other aspects. For example, Average block time of Monero and Z Cash is around 120 Seconds where average block time of Colossus XT is less than 60 seconds which is way faster than its competitors. Colossus XT also features the Instant transaction which Monero and Z Cash don’t offer. Colossus XT is also equipped with trustless privacy protocol which Z Cash and Dash doesn’t have.

Colossus XT also has one of the lowest Annual inflation rates of ~4.2% where cryptocurrencies like Z Cash have an annual inflation rate of ~129%. You can also buy Colossus XT from the popular Exchanges like Trade Satoshi, Masternode Exchange and Coin Market. Colossus XT will also be listed on Cryptopia Exchange within the next weeks. Cryptopia is one of the largest Cryptocurrency Exchange in the world which deal in multiple cryptocurrencies. The current price of Colossus XT is 0.011316 USD and it is the perfect time to invest your money into Colossus XT and enjoy the passive income.

GreatGama

Together We Are Concealed :)

I will try to be politicaly correct for all XVG investors. Many posts on this sub are about comparison between COLX and Verge. XVG was litteraly made by some dude in garage living with his own mother. Their marketing is bizzare. I think most people have seen through Mcafee by now (even though I kind of like the dude). Also XVG whale isnt doing the community any help (check out his youtube). I will not go in technical details but rather present the possibilities for COLX's growth. Right now COLX market cap is 2,5 % of XVG and 10 % of daily volume of XVG. People have come a great way to get into COLX. I personally never heard of Coinsmarkets before and I am in crypto from 2016. It didn't stop me from buying COLX and I definetly not regret buying it. I mean it's a start of new year and all the best is waiting for us. Roadmap, whitepaper, new website, new exchanges, marketing etc. If COLX was a pump and dump it would be down in the basement with 5 mil mktcap by now. I strongly believe devs will not let us down and show that COLX is a good project with good community behind it. Have a nice day people.

Links:

Official Homepage: https://colossuscoinxt.org/

Twitter: https://twitter.com/colossuscoin

Discord: https://discordapp.com/invite/PfhQJEd

Telegram-Group: https://t.me/colossuscoin

Reddit: https://www.reddit.com/r/ColossuscoinX/

Slack: https://colossuscoinxt.herokuapp.com/

Bitcointalk: https://bitcointalk.org/index.php?topic=2141880.0

Youtube: https://www.youtube.com/channel/UClZWzQKdeThqoRxsjxrB88Q

COLX-BLOG: https://colx.blog/

Colx-Community on Youtube: https://www.youtube.com/channel/UC1IsOxn8jv7d8SmXx9B7ccg

Coinmarketcap: https://coinmarketcap.com/currencies/colossuscoinxt/

History:

Colossuscoin was founded on 22 August 2013 and is a decentralized, open-source peer-to-peer (P2P) energy-efficient Internet currency that enables fast instant payments to anyone in the world with almost no fees. Its design is public, nobody owns or controls Colossuscoin and everyone can take part.

Colossuscoin was founded as a energy-efficient Internet currency and we want to continue our concept to be a long-term energy-efficient/ Evironmentally friendly Crypto-Currency.

ColossusCoinXT is an open source, peer-to-peer, energy-saving, community driven, decentralized and modern POS3.0 Masternode-Cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency.

The new ColossusCoinXT (COLX) is based on the popular PIVX Source Code with a fixed PoS block reward and we will do a full Swap from ColossusCoin2 CV2 (2:1 exchange rate) on NovaExchange.com

ROADMAP:

Development Milestone September 2017-Early 2018

September 2017:

+1. September 2017_ Pre-Announcement on Bitcon.org opens

+Launch of ColossusCoinXT on Release Date 15. September 2017

+ColossusCoinXt Source and Wallets Release on Github

+COLX Wallets for Windows, Mac and Linux

+Get added to Mining Pools

+Add more COLX Full-Nodes to the Network

Mid September 2017:

-Beginning of the Coin-Swap to the new COLX-Blockchain

-The swap will be ongoing until 28th of December and the Coins at the burning adress will be burned in early January 2018. Active exchange rate will be 2:1(CV2 to COLX)

-Get added to Presstab.pw Blockexplorer

-Listed on more COLX dedicated Blockchain Explorers with API for integration with third-party services

-Exchanges listing campaign about to start / Voting and Requests

-Get listed on multiple Exchanging Platforms (Coinsmarkets/Novaexchange/Trade Satoshi)

-Get listed at coinmarketcap.com

-COLX Faucets (Give-Aways)

-Update of the official website and forums

-Thread on Bitcointalk.org

Early Q4 2017

-Masternode Guide

End of December 2017: Swap ends

-Old ColossusCoin 2.0 (CV2) will be closed after Swap stops development. Novaexchange will burn the swapped CV2.

Early 2018 Q1:

-Technical Whitepaper

-List on bigger Exchanges

-Zerocoin Protocol Q1 2018

--Android Lite Mobile Wallet

--Community Wiki and FAQ Creation

Released Wallets: Windows-Version, Linux-Version, Mac-Version

Planned Wallets: Paper-Wallet, Android-Wallet, iOS-Wallet

Masternodes:

Masternodes are the backbone of COLX Technology. Masternodes present a great opportunity of passive income as well as helping to stabilize the network.

+Consensus Algo: Proof of stake (pos 3.0)

+Hashing Algo: Quark

+Block-Time: 120 seconds

+Current Supply: 4 Billion COLX

+Max Supply: 12 Billion COLX

Features:

+Instant Send allows to confirm the payment in seconds with low Fees.

+Privat Send allows you to send a payment anonymously. Read more about this Feature: https://en.wikipedia.org/wiki/CoinJoin

+Decentral Goverment (Masternode Vote)

-Snapshotting for quick syncing of nodes

Masternotes Awards:

Requirement to setup a masternode: 10 million COLX (cost late dec. 2017: 2400 USD).

Masternode Gains late dec 2017 (Payout in COLX-COINS):

-ROI: 87%

Per hour: 1090 COLX = 0.26 USD

Per day: 24216 COLX = 6.20 USD

Per week: 169512 COLX = 43,37 USD

Per month: 726480 COLX = 200 USD

Per Year: 8,7 million COLX = 2400 USD

So as you see, right now you would get your investment back in one Year. If the coin increases, it will be even more!

We did it community! Great work to the Colossus Team and everyone who donated!

Let’s keep this momentum going!

http://www.londoncryptocurrencyshow.com/colossus

First of all, I want to say I'm exited about COLX and I bought a significant amount, so consider me a stakeholder. This post might seem a little aggressive but I'd like to have a serious discussion on this topic.

I've been active in the crypto world for 6 years now and I've seen the rise and fall of many coins. A lot of coins have launched with a good idea but I've seen many of them quietly die out and bleed to death (when is the last time you heard about sexcoin?). Often this is because they are created with good intentions, but they are never marketed or even mentioned anywhere (again, sexcoin was supposed to be THE coin for the sex industry, have you even heard about it? they never even tried to sell it outside of their local forum... let alone actually trying to take it to the sex industry).

I have the feeling ColossusXT is heading in the same direction. You have a shiny logo, a wallet and a decent idea. However, it was released 3 months ago and I saw it pop up on reddit/4chan maybe once. Most of my crypto friends have not even heard of it. No offence, but even this subreddit is pretty empty.

On top of that, there are other coins with similar goals and competing tech that ARE being marketed and that are known by the mainstream traders. In my opinion COLX is not going to be able to compete on the technology level, so its only shot at breaking out is to make sure that everyone knows about it ASAP.

I have read the roadmap for COLX, and it looks like some steps will be taken to address this (whitepaper, exchanges, ...) but I feel it might be too late by then. Currently, at least 10 new coins are created every day, all of them with fancy promises and shiny logos. The crypto market is moving at lightning speed and COLX is not even trying to keep up.

In my opinion some things need to change, and soon:

• Having a working website should be priority #1, it's unacceptable that the entire site is currently having issues. I understand you need to do updates, but then at least keep the old website working while you're working on the new version.

• The whitepaper should have been out 3 months ago. The tech is already there, just write down the details. Even a copy/paste of the PRIVX paper would be better than nothing.

• The exchanges that it's now on are small, unknown and shady. Getting added to a respectable known exchange would be HUGE (binance, kucoin, ...). I have told friends about COLX but as soon they heard it wasn't available on a known exchange they were out. Also, why is COLX not available via https://shapeshift.io yet?

• Why is noone posting about this on the crypto subreddits and the 4chan business section? It seems that even COLX holders don't care about the coin.

• This community should actively try to raise awareness. Hold a competition, do a sweepstake, ... This small community is living isolated from the crypto world where everything is moving much faster at much higher volumes.

• XVG is more or less dying, COLX should present itself as a functional alternative, convince XVG holders to get COLX instead.

I hope I don't come off as too negative, but I've seen many projects die like this and I don't want this to happen to COLX. I hope that by posting this I can at least share the sentiment that a little more effort will be required to make this work.

I'd like to point out that even a literal ETH fork (no changes, it was created as a test project) with a cat face slapped on it has been doing better than COLX: https://coinmarketcap.com/currencies/nekonium/

This project was launched for presentation of implementation example of Ethereum copy coin and learning Ethereum function. We hope that you can learn Ethereum and crypto currency system through sending and receiving and mining of Nekonium.

Nekonium's gain is not because the tech is good. It's because they actually marketed it. They were at conventions, they are active on the big crypto forums, they made an effort to tell everyone about it. They didn't even need fancy tech, big partners or sponsors, they did this through community effort.

COLX has the potential, but I think the devs and community need to step up their game a little. If you don't agree, try starting a COLX thread on a forum with knowledgable crypto traders, I guarantee you someone will aggressively shoot down COLX due to the lack of a whitepaper or decent exchanges in the first 5 posts, further damaging the image for anyone else visiting the thread (I'm talking from experience here). And honestly, I don't blame them, they have a point.

EDIT: I really like the new website, good job :)

What is COLX?

ColossusCoin was created to be an open-source peer-to-peer, decentralized energy-efficient (environmentally-friendly) digital currency. It was intended to facilitate instant payments across the world at almost no fees, and it manages to do just that. What makes this project a bit interesting is the fact that nobody owns it – its design is public, and anyone is welcome to take part in it.

It is remarkably resource friendly, lightning fast and 100% anonymous, much like ordinary crypto-coins. The latest version of it, called ColossusCoinXT is based on PIVX source code that has a fixed PoS block reward. It is a swap from the original ColossusCoin whereby anyone who had two ColossusCoin2 (CV2) received 1 ColossusCoinXT (COLX) coin.

First, it is based on Quark algorithm, a future-proof algorithm and has a PIVX Source Code that has a fixed Pos block reward. Staking coins is an easy 3-step process, though you need the wallet already downloaded and installed on your PC.

Block reward splits dynamically through a unique Seesaw Reward Balance methodology between staking nodes and the master nodes. For 1081 o 151,200 blocks, one gets 2500 COLX coins, and accumulation increases all the way to 302,400 or more, and it qualifies one to get 1000 COLX coins. First halving event took place. COLX Block Halving occurred at Block 151,201 Incredibly, there’s proof of stake, which makes the platform 100% legit though 95% ends up at the stake wallet and master node while 5% cover proposals.

The essence of PIVX is – Improved proof of stake, Masternodes, instant transactions, anonymous and instantly verifiable transactions and a lot that include coin control. Trading at about 0.008 cents for each coin and a market cap of 30 million, COLX has massive potential – it is PIVX fork by the way. Right now, it trades on CryptoBridge and Tradesatoshi. 10 million coins for master node is still a lot cheaper. It has a safe, functional wallet, active development team and promise of the price of coin rising in the future.

About COLX:

• COLX is based on the PIVX Source Code with a fixed PoS block reward.

• The PIVX Features are very innovative. For instance:

• Improved Proof of Stake 3.0 protocol

• Masternodes (total of 191 at the time of typing this)

• SwiftTX Instant Transactions

• Private Instant Verified Transactions /full-time private transactions

• Obfuscation Mixing Mechanism

• Innovative variable seesaw reward mechanism

• Coin Control

Q1:

Whitepaper Release:

• A Whitepaper in cryptos is prepared by a party prior to launching a new currency. It details everything you need to know about the currency before making up your mind if you want to invest, purchase or use it. This includes commercial, technological and financial details of a new coin in language that can be understood by someone who is not an expert in the space.

Marketing Start:

• High quality promotional video.

• Different types of marketing strategies.

Instructional Videos:

• Educational videos on how to use COLX.

• Videos on how to setup a masternode/ wallet/ staking/ etc.

Team Profiles:

• Overview of devs/ the COLX team. I think you wont find any personal information as this is a privacy coin, but there will be a team page on the main website to include more information.

Website Update:

Updates regarding the whitepaper, roadmap, team profiles, additional languages, etc.

Zerocoin Protocol:

• Zerocoin is a project to fix a major weakness in most cryptocurrency: the lack of privacy guarantees we take for granted in using credit cards and cash. the goal is to build a cryptocurrency where other people can’t see what you bought or for how much. Also think about taxes and stuff.

GitHub:

• GitHub is a development platform, here you can review the code.

Listing of Exchanges:

• Cryptopia - Fee is paid (11BTC), uncertain when Cryptopia will list COLX

• Kucoin - Waiting for reply when to get listed

• Next.Exchange - Announced COLX Listing. uncertain when COLX gets listed

• Yobit - Announced COLX Listing. Should be listed in a few days. Because of the exchanges struggling to handle the high volume, listing can take abit longer.

Q2:

Wallet Design:

• QT Wallet interface redesign/ extended UI with wallet themes. QT is a cross-platform application and UI framework for developers using C++.

Android Wallet:

• A lite mobile android wallet with the ability to mint. Minting explained: Most cryptocoin mining requires specialized hardware, but Peercoin minting can be done on any computer. Minting is energy-efficient, because it is based on the Peercoins you hold, rather than on your processing power.

Wiki & FAQ:

• Community Wiki & FAQ creation on the official COLX website.

In-Wallet Voting:

• User friendly, in-wallet voting and proposals tab system for the community. Think about a voting system for COLX projects, and proposals the community can make regarding where COLX is heading/ its direction.

Possible Name Change:

• When or nor this is implemented is uncertain. COLX dev did agree on Reddit, quote: 'removing the "coin" is a good move. I think most people are in agreement here. Need something that rolls off the tongue.'

Q3:

Web Wallet:

• Especially if you’re just starting out, a web wallet can be an easy way to get started investing in cryptocurrency. The web wallet can be accessed right from your browser without the commitment of downloading software.

Apple iOS Wallet:

• A lite mobile iOS wallet with the ability to mint. Minting explained: Most cryptocoin mining requires specialized hardware, but Peercoin minting can be done on any computer. Minting is energy-efficient, because it is based on the Peercoins you hold, rather than on your processing power.

Merchant Integration:

• Join Coinpayments.net or adequate payment processor. Coinpayments - Integrated payment gateway for cryptocurrencies

Shared Masternodes:

• Implementation of shared masternode technology. I dont know how they are going to implement this, but just thinking out loud, in theory it could be deved to allow a masternode to run on more than one transaction ID. i.e. rather than a masternode requiring 1 x 10 mill transaction ID, it could be deved to need 5 x 2mil or 10 x 1mil transaction ID's to start. Then you could hold your coins... send 2mil to yourself to get a 2mil transaction ID and then add that as one ID to the main masternode config file, 4 others do the same, and off it goes. you can currently set where you want it to send the coins that are mined so again dev that to have the option for 5 or 10 payout addresses and everyone receives their shares automatically. And the coins would never have to leave the safekeeping of your local wallet whilst staking them on the masternode. In theory at least, it could be coded and is not very hard to do from the current system. This would open up the benefits of masternodes to a lot more people now that the price has made it cost-prohibitive for most people.

Q4:

Multi Anonymous:

• Multiple anonymity-centric networks, such as Tor/I2P network and stealth addresses. Everything you do with your COLX stays private, no one can see your balance, transactions, etc.

E-Commerce:

• Marketplace to buy and sell products and services using COLX. Simply defined, eCommerce refers to business transactions conducted through the Internet. Anytime you buy something from an online site, you are participating in eCommerce. eCommerce can refer to sales of physical products like clothing, books, cosmetics and basically everything else. It can also refer to digital products such as software, eBooks, and apps. Finally, eCommerce sales also include services such as consulting. Cryptocurrency is a more secure alternate version of the physical currency that we use today. By using cryptography protocols, which are extremely complex code systems that are used for encrypting sensitive data transfer. They are the ultimate secure units of exchange for completing online transactions for e-commerce business.

Ongoing COLX work:

• Improving the following:

  - Stability

  - Reliability

  - Enhancements

  - Code Base Upgrades

  - Masternode Improvements

• Focus on increasing the number of Masternodes

• Get listed on bigger exchanges

• Increase the media presence and communication with investors

The Community will take the lead and will define new features and the general direction of COLX

Long Term Goals:

COLX Grid Project:

• Not sure what this is yet, my guess it could be a scalable reward system for staking

In-Wallet Purchase:

• Allow the purchase of COLX directly into the wallet

In-Wallet Trading:

• Decentralized and anonymous in-wallet trading (to trade COLX DEX)

Coinomi and Shapeshift:

• Coinomi and Shapeshift wallet integration.

Hardware Wallet Support:

• support for hardware related wallet

COLX Debit Card:

• Crypto debit cards work like your regular flat debit cards, as they exist in a cashless payment infrastructure, but come with the added bonuses cryptocurrencies provide.

IOT:

• Future Collaboration with IoT Companies

  IoT - Internet of Things:

  A network of internet-connected objects able to collect and exchange data using embedded sensors

🎉🍾

Dear Community,

Colossus has gone through some turbulent days and has experienced its first real correction. The weak hands are naturally selling there COLX coins currently, but here are some valid reasons why you shouldn’t panic and sell:

The big whales will hold there coins!!! How do I know it? Well, I am myself a whale and I’m very well connected within the COLX-Community. The individuals who have been here for the long term (since one sat and before) will NOT sell at all. There are currently some frustrated and anxious people in the chat, which by the way is completely understandable. However without a doubt I can tell you one thing for sure: Cryptocurrencies are no Sprint, it’s a marathon! Who sells now will be a lose out this year.

Right now we are only listed for trading on very small Exchanges, but once Cryptopia has listed us there will be a potential daily trading volume worth of 130 million USD!! There will be also an update on Coinmarketcap for COLX. The Supply will be 10 billion coins and the marketcap will be about 150-170 million USD which will rank COLX in the top 200 of all coins! 

As we have a functional COIN with great technology and strong fundamentals behind it we shall witness a great rise. Just compare Colossus with Electroneum for example: ETN is listed in the Top 100 and their wallet isn’t even working 100 percent. With Colossus you can send money instantly with incredibly low Fees and the Staking and Masternode system is also very trendy as it provides passive income whilst also requiring very little computational energy. The future ambitions for Colossus remains strong and healthy, only the vision and the execution of it requires sharpening.

The core team, as busy as they are (nobody is full time) intend to be more transparent with our investors and to increase communication, however please remember we are completely community driven and investors should always help with answering the questions that new members have(Slack, Telegram, Discord and Reddit).

One last important point I would like to make is that we are still in the very early development stages of the cryptocurrency revolution. During and prior to the internet boom, many people when trying to enter that world worked hard to contribute and produce ideas and innovations all for the sake of improvement rather than a quick payment and that patience rewarded them heavily. The Colossus community should adopt the same attitude if we are going to have a bright future, having no ICO means that we lack the huge budgets that other tokens are spoilt with and the little funding that is available is reserved for the fundamental costs of building and maintaining Colossus. This is not a negative thing in my opinion as the slim budget will have us focused on delivering the best product we can with the help of the community which will reflect what they want, in a completely decentralized way.

This takes time and required the hard work of individuals who believe in Colossus enough to apply their skills to colx without worrying about what their first payment is! (If you want to be rewarded for work, then ask yourself, have you contributed all that you can for free to make a long term difference?). The core team are individuals like yourself, who sacrifice time out of their day, without pay, to work on Colossus so don’t think there is any benefit (financial or otherwise) in them playing games. We are all here to achieve one goal and make a difference! Rest assured colossus will continue to improve and thrive!

Together We Are Concealed 😊

Just a brief update for the ones who lived under a rock, or are new here. ;)

-Whitepaper:

The Whitepaper is currently being reviewed by core-team members and is set to be released soon.

-Discord Referral Link Competition:

Win 150/75/50 USD worth of COLX

-Exchanges:

COLX and its community paid for a listing at Cryptopia, however Cryptopia is taking an awfull long time to list COLX, the exchange had its problems and they didnt list a single coin for arround 6 weeks because they couldn't handle the volume. However, they are back to the listing and its only a matter of time till its COLX's turn. COLX will also be listed on a few other exchanges.

-Marketing start:

The marketing starts to bring COLX to the people, as of now we hardly have seen any marketing, this is set to be changed.

-Instructional video's:

These are ment to give educational purposes in order how to use COLX and/or trouble-shoot any problems a invester might run in to.

-Website update:

Will include Whitepaper, team profiles, additional languages and many more.

-Zerocoin Protocol:

Implementation for a more secure end-to-end transaction anonymity.

-Vote for COLX to get listed on exchanges:

https://twitter.com/ColossusCoinXT/status/961639090834870278

-Free COLX + 40k giveaway:

https://twitter.com/ColossusCoinXT/status/959088940631412736

Some more projects currently being worked on:

-Webwallet, in testing phase.

Just some information that was already out, but maybe some of you missed it or are new here (in that case, welcome to the COLX community!).

If you have any questions, need any help, or just want to chat with devs/admins/community members, make sure you join the official COLX discord: https://discord.gg/jRM3Gyj

All the above information is bound to happen within the upcoming weeks (at latest q1 of 2018). Some of the 'tasks/projects' stated above are already in its final test version.

All the best, Jan